© 2023
-SPX +41.19, opens flat, range trades, trends up and closes
higher.
-Debt ceiling deal passed in the House Wed. and
approved by Senate today.
-VIX down 2.29
-NTAP +5.61, +8.46% gap
up on EPS, closes above resistance.
-CRWD -2.58, -1.61%,
EPS beat, raise FY24 guidance
-CRM -10.48, -4.69%, EPS beat, raise Q2 guidance
-Fed speak from Harker prefers skipping June hike subject to
data.
-After hours: AVGO -14.45, -1.83%, EPS
& Sales beat
-Jobs Report Friday 8:30 am ET, Non-farm payrolls 190K est.
/CL, GLD and TLT closed higher, while DXY and TNX moved
lower.
Mega caps NVDA, META, AMZN,
TSLA, AAPL, MSFT, GOOGL rose.
SPY up 3.97 at 421.82, on 88.8
million shares, above average volume, up on lower volume.
VIX down 2.29 at 15.65.
QQQ up 4.02 at 352.01
AXP, V, HD, CAT led the DJIA, 23 advancers, +10
MTCH, NTAP, FTI, CEG led the SPX, 368 advancers
JD, PDD, ALGN, NVDA led the NDX, 70 advancers.
The two-year trend term is sideways. The
one-year trend is sideways.
Up: QQQ, IWM, SPY, DIA,
Down:
Nine of eleven sectors were higher on Thursday, led by XLC,
XLB and XLI.
The SPY
MFC green line is pointed up at 83.2 and is short-term
bullish. SPY opened flat and
closed higher.
Uptrend sectors: XLK, XLC,
XLY,
Neutral sectors: XLV, XLP, XLB, XLI, XLU, XLRE,
Down trend sectors: XLE, XLF,
The 6-month intermediate
trend is up. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Up a little
70 of 100 NDX stocks
closed higher on Thursday.
54
NDX stock are above their 30 DMA: AAPL,
AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX,
META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML,
KLAC, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, TEAM, CTAS,
PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, EA, GFS, PDD, ATVI, INTC, QCOM, ADSK, BKR,
CSX, DXCM, MCHP, ODFL, SIRI,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
BKR, CSX, DXCM, MCHP, ODFL, SIRI,
Moving Below 30 DMA = 2
LCID, OKTA,
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